The American Dream was never about ultra-prosperity, but wealth has become the American Fever Dream.
taxes
Posted inBusiness, Maine, Politics
Time seems ripe for bipartisan action on income tax cuts in Maine
As the state enjoys a record surplus, lawmakers from both parties have submitted proposals that would reduce taxes for lower-income Mainers.
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Posted inNation & World, Politics
Democrats hammer Republican plan to impose national sales tax, abolish IRS
Sponsored by Rep. Earl L. ‘Buddy’ Carter, R-Ga., the plan would do away with income, payroll, estate and gift taxes, and instead impose a 23% national sales tax.
Posted inTimes Record
Midcoast CA$H offers free tax preparation in Bath and Wiscasset
Midcoast CA$H, an initiative of United Way of Mid Coast Maine, is once again providing free tax preparation by IRS-certified volunteer tax preparers to households earning up to $60,000. Volunteer tax preparers help clients receive every federal and Maine tax credit that they qualify for, such as the Earned Income Tax Credit and Childcare Tax […]
Posted inBusiness, Nation & World, News
Trump Organization fined $1.6 million for tax fraud
A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.
Posted inMaine, Nation & World, Politics
Maine’s Democratic representatives criticize Republican moves in U.S. House
Jared Golden and Chellie Pingree opposed a number of measures pushed by the new congressional majority.
Posted inBusiness, Nation & World, News
Trump executive Weisselberg gets 5-month jail sentence for dodging taxes
Allen Weisselberg is expected to be locked up at New York City’s notorious Rikers Island jail complex.
Posted inMaine, News
Kennebunk man owes $720,000 in unpaid federal taxes, complaint says
The Department of Justice is asking a judge to enforce several liens against his property to recover more than 10 years’ of income, Medicare and Social Security taxes.
Posted inOp-eds, Opinion
Commentary: 500 reasons to eliminate the income cap for Social Security taxes
Taxing income only up to $160,200 for Social Security is leaving a lot of revenue on the table.
Posted inBusiness, Nation & World, News
Key takeaways from Trump’s long-sought tax returns
The release of former President Donald Trump’s tax returns show he maintained a bank account in China through 2017, his first year in the White House.